TAX FILING DEADLINE POSTPONED UNTIL JUNE 29 FOR VICTIMS OF HURRICANE MARIA IN PUERTO RICO AND THE VIRGIN ISLANDS

NSTPInternal Revenue Service (IRS)

The IRS has extended tax deadlines for affected individuals and businesses until June 29, 2018, for the following localities: In the U.S. Virgin Islands (starting Sept. 16, 2017): Islands of St. Croix, St. John and St. Thomas. In Puerto Rico (starting Sept. 17, 2017): In any of the 78 municipalities. The disaster relief page on the IRS website has details on the returns, payments and tax-related actions qualifying for the additional time. Following the IRS extension, affected individuals and businesses will have until June 29, 2018, to file their 2017 tax returns and pay any taxes due on those returns. This relief also includes individual estimated tax payments, payroll and excise tax returns, corporate income tax returns originally due or on extension during the relief period and tax-exempt organizations required to file Form 990 series returns with an original deadline falling during this period. This relief also applies to taxpayers who had a valid extension to file their 2016 return that was due to run out on October 16, 2017, and which was already postponed until January 31, 2018. The IRS will abate any interest, late-payment or late-filing penalty that would otherwise apply for 2017 tax returns. The IRS automatically … Read More